To those investors who are shorting the market (or betting on volatility to go up)
oops- I guess we would be in that crowd.
Was it you that could not get back into the trade for 3 days?
One of my accounts is a self direct brokerage account in my 401K. I have the same 3 day problem in this account.
I usually split my account into thirds and trade that each day (when I have time). I also have another account, so sometimes I rotate my purchases if I see I am bumping up against this rule.
I had some extra cash a week and a half ago on Thursday and bought UVXY at $26.50 and wrote calls ( trying to get a 4% return for 2 days)
Last Friday I rolled them out and was able to get another 5% return
I was out this morning on client meetings and went into my option account to roll them out another week. They were assigned this morning.
My only problem, is that I have client meetings tomorrow and will be shut off from trading until the afternoon (I do not do day trading for a living-lol).
I hope you and others make some money early in the day.
The SPOT VIX is dropping but futures are being stubborn and holding still.
If the market maintains its strength today, I believe we break to the downside
There is an annual meeting in Jackson Hole.
Bankers worldwide, but Yell is not attending this year.
Fisher will be the primary person from the US and we have to be careful of any announcements.